Singapore emerges as the new crypto hub in South East Asia

NEW DELHI: Multiple factors, both financial and geo-political, have caused Singapore to emerge as a major cryptocurrency hub in South East Asia.

China’s crackdown on cryptocurrencies has opened up avenues of a thriving crypto market in other locations.

Whether it is the US moving to take over crypto leadership with cleaner mining resources or Singapore that has welcomed unprotected crypto enthusiasts, exchanges and investors from China into its crypto-friendly haven, the world is witness a shift towards Singapore.

What is more, Singapore has also created a crypto-enabling environment in the country. This has seen the fast growing crypto market in the country boom and an influx of cryptopreneurs from China.